Thursday, September 01, 2011

Morning Journal 9/1/11


Economics

This Week’s Data


Weekly jobless claims fell 8,000 slightly less than expected; this week’s data was influenced by a strike at Verizon.
http://www.calculatedriskblog.com/2011/09/weekly-initial-unemployment-claims.html

Second quarter productivity fell 0.7% versus estimates of a 0.5% decline; unit labor costs rose 3.3% versus forecasts of an increase of 2.3%.

Other

More great data from Doug Short (short):
http://advisorperspectives.com/dshort/commentaries/Great-Contraction-Percent-Off-Peaks.php


Politics

Domestic


Tony Blankley on Obama’s upcoming ‘jobs’ speech (medium):
http://townhall.com/columnists/tonyblankley/2011/08/31/obamas_last_economic_policy_chance

The problem with relying on experts (medium):
http://www.nationalreview.com/author/56454/latest

International

The latest ups and downs in the EU sovereign debt crisis (medium):
http://www.minyanville.com/businessmarkets/articles/greek-debt-eurozone-credit-crisis-sovereign/8/30/2011/id/36647